For state economic development leaders, employment data is more than just a statistic—it is the foundation for policy, investment, and strategic planning. However, the transition from initial monthly estimates to final benchmarked data often introduces shifts that can impact regional narratives and economic forecasting. Join the SEDE Network for an in-depth technical briefing designed to pull back the curtain on the Bureau of Labor Statistics (BLS) data lifecycle. This session focuses on the “why” and “how” behind state-level data collection and the revision process, offering leaders the clarity needed to interpret fluctuating figures with confidence.
Key Discussion Points:
- The Lifecycle of a Data Point: An overview of the Current Employment Statistics (CES) program and the methodology used to transition from survey samples to administrative records.
- Demystifying Revisions: A technical look at why revisions occur, the role of the Quarterly Census of Employment and Wages (QCEW) in the benchmarking process, and how these adjustments improve long-term data integrity.
- The State Perspective: A look at how state labor departments interface with federal data, managing the nuances of local economic shifts versus statistical adjustments.
- Strategic Communication: Best practices for communicating data changes to stakeholders and the public when “the numbers move.”
Featured Speakers:
Julie Hatch, Bureau of Labor Statistics (BLS)
Julie will provide a deep dive into the federal frameworks governing employment data, explaining the rigorous collection standards and the structural necessity of the revision cycle in maintaining national and state-level accuracy.
Mark McInerney, Maine Department of Labor
Representing the state-level vantage point, Mark will share insights on how state agencies navigate these data flows, reconcile federal benchmarks with local economic realities, and ensure that policymakers are working with the most robust information available.